Rafale fighter jets to join IAF in two years, says Parrikar

Prime minister Modi had announced a deal to buy 36 fighter jets in Paris on Friday

GN Bureau | April 11, 2015


#Rafale fighter   #France   #Narendra Modi   #Francois Hollande   #Manohar Parrikar   #nuclear power  


Rafale fighter jets will be inducted in IAF in a span of two years. Defence minister Manohar Parrikar said on Saturday that French Rafale jet deal, announced by prime minister Narendra Modi on Friday in Paris is a great decision taken on the terms and conditions that are better.  India has finally broken the ice over the Rafale deal which has been pending for 17 years, said Parrikar

India will buy 36 fighter planes that are ready to fly, citing critical operational requirement of the IAF. The announcement was made by Modi at a joint news conference with French president Francois Hollande after their summit talks at Elysee palace. The deal is under the government to government agreement.

India and France were locked in negotiations for three years over the purchase of 126 Rafale fighter jets valued at $12 billion but has been bogged down over cost and Dassault Aviation's reluctance to stand guarantee for 108 planes to be made by Hindustan Aeronautics Limited in India.

Nuclear deal
An agreement on the stalled 10,000 MW nuclear project in Jaitapur in Maharashtra was among the 17 pacts signed after the talks between Modi and Hollande. The deal was signed between India's Larsen and Toubro and France's AREVA and it is aimed at cost reduction by increasing localisation.

Another pact related to Pre-engineering agreementsbetween NPCIL and AREVA in connection with studies that is intended to bring clarity on all technical aspects of the plant so that all parties (AREVA, ALSTOM and NPCIL) can firm up their price and optimise all provisions for risks still included at this stage in the costs of the project.

It will also enable transfer of technology and development of indigenous nuclear energy industry in India.

Other decisions include a scheme for expedited 48 hours visa issuance by France for Indian tourists.

France also announced an investment of about $1 billion in India as Modi invited French companies to pump in money in technology in the fastest growing economy.

Comments

 

Other News

Modi inaugurates India’s longest bridge in Assam

  Prime minister Narendra Modi celebrated three-year of his government on May 26 by inaugurating Dhola-Sadiya bridge over the Brahmaputra river in Assam’s Tinsukia district. It is the longest bridge in India, which runs 9.15 km from end to end and connects Assam with Arunachal Pradesh.

IndianOil registers highest ever profit of Rs 19,106 crore

 IndianOil posted a net profit of Rs 19,106 crore for 2016-17 fiscal as compared to a profit of Rs 11,242 crore in the last fiscal. The income from operations for the financial year 2016-17 was Rs 4,45,373 crore as compared to Rs 4,06,828 crore in the previous fiscal. IndianOil`s income from

Maiden flight of HAL’s light utility helicopter

 Hindustan Aeronautics Limited (HAL) carried out first flight of light utility helicopter (LUH)-PT-2 on May 22 at its Bengaluru-based facility. The flight duration was about 22 minutes and pilots reported nil snag, HAL said.   “These maiden flights of indig

The rise and rise of muscular nationalism

 Narendra Modi is like Greek mythology’s King Midas: whatever he touches turns into gold. Most people in this country are left dazzled by his ability to make dramatic announcements with a statuesque flourish.   The past three years of the Modi government have left the

BHEL unveils 270 MW thermal unit in Maharashtra

Bharat Heavy Electricals Limited (BHEL) has added another feather to its cap by successfully commissioning another 270 MW thermal unit at RattanIndia Nasik Power Limited’s 5x270 MW thermal power project at Sinnar (Nasik) in Maharashtra.   This is the fourth unit to be c

India is second largest stainless steel producer in the world: steel minister

Chaudhary Birender Singh, minister for steel, said that the Indian steel industry is at the cusp of a significant milestone by becoming the second largest stainless steel producer in the world, leaving behind Japan. He said that the steel sector is only an example of all-round development in India. The c



Video

सुषमा ने किया देश की बेटी का स्वागत

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter